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How you can benefit

  • Expand your international connections and professional network

  • Attend quarterly events focused on international business and trade

  • Hear from distinguished speakers on global topics

  • Receive Partnership-produced data and publications closely monitoring Houston's global economy

  • Grow as a global business thought leader for your organization

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In the last year, Business Beyond Borders has hosted poignant conversations around topics such as "NAFTA & the Americas" and "Global Trade Tensions" featuring international experts in their fields. Other topics have included a look at Brexit and Houston's growing ties with Latin America.
Attorney Lawrence Hanson presented on the complications surrounding Brexit in spring 2019.

Related News

Economy

Coronavirus, Brexit and a Chinese Trade Deal: Recent Events and the Potential Impact on Houston

2/18/20
Bayou Business Download is a podcast from the Greater Houston Partnership that dives into the data and analytics influencing the region’s economy and the core business sectors that drive Houston’s growth.  On this edition of Bayou Business Download, we chat with Partnership Senior Vice President of Research Patrick Jankowski about a number of recent global events, from the coronavirus and Brexit to the signing of the U.S. Mexico Canada Agreement, and their potential impact on Houston.   Here are 5 key takeaways from the conversation:  Coronavirus Concerns While there is a great deal of understandable global concern around the coronavirus (now named COVID-19 by the World Health Organization), the vast majority of cases remain centered in China where officials are working to contain it. However, China is a much bigger player in the global economy than it was 17 years ago during the SARS outbreak. Back then, China represented only 4.3% of global economic activity compared with 15.3% today. We also didn’t have the integrated global supply chain that we do now and those are just a couple of the reasons global markets are concerned about this outbreak. The virus’ affect on Houston is likely to be felt in trade, tourism and other areas, but the biggest impact may be the drop in demand for crude oil and related products. U.S.-China Trade Deal As China deals with the coronavirus, trade tensions between the U.S. and the world’s largest country are easing. A newly signed U.S.-China trade deal essentially calls a truce to what had been a mounting trade war and starts removing some tariffs on both sides. Parts of the deal call for the Chinese to open their automobile markets as well as buy more agricultural products and energy products from the U.S. The Chinese have agreed to buy another $200 billion in goods and commodities over the next two years, including $52 billion in energy related products specifically. That is likely to have a positive impact here in Houston. USMCA The biggest impact of the United States-Mexico-Canada Agreement is that it brings some certainty to trade between the countries. A lot of investment was sitting on the sidelines and this helps pave the way for that to move forward, particularly in Mexico which is Houston’s largest trading partner. We are going to see increased trade between the U.S. and Mexico as a result of the deal and that should prove a benefit to Houston. Brexit Part of what led voters in the United Kingdom to want to exit the European Union was that many felt they had lost control of their sovereignty under the EU. When the nation officially left the EU on January 31, they essentially left the political part of the union but they have 11 months to negotiate future trade relationships. Houston has already had visitors from the U.K. wanting to establish closer ties here and in Texas.  We’re likely to see an increased amount of physical trade of goods and commodities back and forth between Houston and the U.K. as well as an increase in investment from firms on both sides now that there are fewer restrictions. The Federal Reserve did not lower interest rates at its January meeting. That suggests the Fed is not concerned about a possible recession, which is good news for Houston since the health of the broader national economy is one of the three big pillars of the local economy, along with the global economy and the energy sector. Listen to this and future episodes of the Bayou Business Download podcast here. Get updates on key economic indicators and other data and analysis from the Partnership Research team here. Find more on these issues in the February edition of Economy at a Glance.   
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Economy

Partnership Statement on Signing of USMCA

1/29/20
HOUSTON (Jan. 29, 2020) - Statement by Bob Harvey, president & CEO of the Greater Houston Partnership, on the signing of the new trade agreement between the United States, Mexico and Canada: “We are pleased by the news that President Trump has signed the United States-Mexico-Canada Agreement. As the largest business organization in Houston, we strongly support USMCA and free and fair international trade more broadly. We look forward to the agreement’s ratification by Canada and its implementation.” “Canada and Mexico have been two of Houston’s most important trading partners for more than 20 years, and USMCA is critical to strengthening that relationship. Mexico, in particular, stands out as our number one international trading partner." “As a global logistics hub and top-export metro, Houston is uniquely positioned to benefit from the agreement. We applaud the administration and the Texas Congressional delegation for their support of USMCA, which will help ensure Houston’s continued economic growth.” ### Greater Houston Partnership  The Greater Houston Partnership works to make Houston one of the best places to live, work and build a business. As the economic development organization for the region, the Partnership champions growth across 11 counties by bringing together business and civic-minded leaders who are dedicated to the area’s long-term success. Representing more than 1,000 member organizations and approximately one-fifth of the region’s workforce, the Partnership is the place companies come together to make an impact. Learn more at Houston.org.    CONTACT:    A.J. Mistretta                    Maggie Martin                       (o) 713-844-3664              (o) 713-844-3640                      (c) 504-450-3516              mmartin@houston.org                       amistretta@houston.org             
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Related Events

Economic Development

State of Houston's Petrochemical Industry

Houston is one of the biggest petrochemical hubs in the country, accounting for about 42 percent of the nation’s petrochemical manufacturing capacity. Join the Greater Houston Partnership…

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This program and its benefits are exclusive to Partnership members. Learn more about becoming a member company today.

“Lonza is committed to building up our cell-and-gene-therapy capabilities in Pearland, which is a growing center for life sciences. The Houston area, supported by a number of world-class scientific institutions, is an important location for Lonza to continue to develop novel therapies offering the hope of improving the lives of patients all over the world.”


Mark Funk
Chief Operating Officer, Lonza

Ready to become a part of the Business Beyond Borders program?

  • Expand your international connections and professional network
     
  • Attend events focused on international business and trade
     
  • Hear from distinguished speakers on global topics  
     
  • Receive Partnership-produced data and publications closely monitoring Houston's global economy
     
  • Grow as a global business thought leader for your organization
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